Unlimited searches
Keep pursuing the right opportunities as the thesis sharpens.
Priced by project, paid on outcomes
A flat monthly retainer set by how many mandates we run at once, plus a standard Lehman Formula success fee on each deal you close. No per-seat pricing, no data licensing, no minimum term beyond a short initial ramp.
The monthly retainer
Every tier includes the same work and the same access. The only difference is how many mandates we source against in parallel.
Every engagement is a flat monthly retainer plus a success fee on the standard Lehman Formula for any deal you close through the process. More than three concurrent projects? Talk to us about a custom engagement.
The standard Lehman Formula
The long-established M&A success-fee scale, applied in tranches to the deal value. Each band is charged separately and the results are summed, so the rate you actually pay falls as the deal gets larger. It is owed only on a completed close.
The scale
- First $1M5%
- Second $1M4%
- Third $1M3%
- Fourth $1M2%
- Above $4M1%
The retainer covers the sourcing work itself. The success fee is owed only when a deal you found through the engagement actually closes. That is the point: we are paid to produce closes, not activity.
Worked example
A close at $3,000,000
- First $1M @ 5%$50,000
- Second $1M @ 4%$40,000
- Third $1M @ 3%$30,000
Total fee$120,000
4.0% blended
Included for all projects
The operating advantage stays the same. Only the number of mandates changes.
Full access to Acquisera Premium tools
Put Acquisera’s full sourcing and diligence toolkit behind every mandate.
Full proprietary database access
Build on a proprietary record of the companies and research that matter.
Dedicated engagement lead
Work with one accountable lead from thesis through close.
Pricing questions
- What is a project?
- One active mandate: a defined thesis, geography, and set of criteria we are actively sourcing against. Higher tiers run more mandates in parallel, and the work on each is identical.
- What is the Lehman Formula success fee?
- We bill the standard (original) Lehman Formula, the long-established M&A success-fee scale, applied in tranches to the deal value: 5% of the first $1M, 4% of the second $1M, 3% of the third, 2% of the fourth, and 1% of everything above $4M. Each tranche is charged separately and summed, so a $3M close works out to $50k + $40k + $30k = $120k, a 4.0% blended rate. It is owed only on a completed close. The monthly retainer covers the sourcing work itself.
- What's the commitment?
- Engagements run month-to-month on a rolling retainer. We ask for a short initial ramp so a search has time to produce, but there's no multi-year lock-in.
- What if we want more than three projects?
- We scope it as a custom engagement. The work on each mandate is the same; the retainer reflects how many we run in parallel and how much team it takes.
Question about the offering rather than the price? The overview answers those.
Scope an engagement
Tell us the thesis and how many mandates you want running, and we'll come back with a scope and a retainer.
Acquisera Advisory is our retained buyside service. We run the search for you.
Looking for the software instead? See the platform·Subscription pricing